Elastos debuts BTC-backed stablecoin BTCD
June 18, 2025, 4:13 PM
Elastos, developer of Bitcoin DeFi protocol BeL2, has launched BTCD, a Bitcoin-backed stablecoin with 160–200% overcollateralization. Designed to mimic a digital Bretton Woods system, BTCD aims to provide a stable dollar value using BTC and on-chain arbitrage, CoinDesk reported.
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